University endowment returns bounce back after 2 bad years
BOSTON (AP) " Hundreds of U.S. universities made big returns on their financial investment last year, marking an upswing after two sluggish years, according to a new study.The survey of 800 schools found that the value of the average college endowment grew by 12.2 percent in fiscal year 2017, following average returns of -1.9 percent the year before and 2.4 percent in 2015.Authors of the study say the improvement is largely tied to strong stock markets in the U.S. and abroad, [...]
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